Kinetik Holdings Inc reports results for the quarter ended in December - Earnings Summary

Kinetik Holdings

28/02/2023 24:16

* Kinetik Holdings Inc  KNTK.N  reported quarterly adjusted
earnings of 25 cents​​ per share for the quarter ended in
December. The mean expectation of six analysts for the quarter
was for earnings of 66 cents per share.
    * Revenue rose 424.6% to $295.49 million from a year ago;
analysts
expected $259.42 million. 
    * Kinetik Holdings Inc's reported EPS for the quarter was 25
cents​.
    * The mean earnings estimate of analysts had risen by
about 5.8%
in the last three months.​ 
    * In the last 30 days three analysts negatively revised
earnings
estimates 
    * Kinetik Holdings Inc shares had fallen by 11.5% this
quarter.
    * Wall Street's median 12-month price target for Kinetik
Holdings
Inc is $37.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data February
28 at 12:16 a.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.66           0.25           Missed
 Sep. 30 2022      0.62           1.04           Beat
 Jun. 30 2022      0.69           0.06           Missed
 Mar. 31 2022      0.70           0.56           Missed